NYC Council Introduction 1086

intro.nyc/1086-2024 2024-2025 Legislative Session
Notifying interested parties of the recording of certain real estate instruments.
Status: Laid Over in Committee Committee on Finance
Sponsored by Nantasha M. Williams
Introduced: October 10, 2024

This bill would amend section 7-628 of the Administrative Code by requiring the Department of Finance (DOF) to notify interested parties by postal mail and, if elected by the interested party, by e-mail or text message, or both, when a deed-related or mortgage-related document has been recorded for the property. DOF would be required to send such notifications no later than 30 days after the relevant recording.